Target Corporation $TGT Shares Sold by Argent Advisors Inc.

Argent Advisors Inc. cut its stake in Target Corporation (NYSE:TGT) by 78.4% in the fourth quarter, Holdings Channel reports. The fund owned 3,730 shares of the retailer’s stock after selling 13,515 shares during the period. Argent Advisors Inc.’s holdings in Target were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Valtinson Bruner Financial Planning LLC increased its stake in shares of Target by 2.6% in the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after acquiring an additional 92 shares during the last quarter. Auxano Advisors LLC increased its position in shares of Target by 3.0% during the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after purchasing an additional 93 shares during the last quarter. Neumann Capital Management LLC increased its position in shares of Target by 0.8% during the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock worth $1,298,000 after purchasing an additional 100 shares during the last quarter. Binnacle Investments Inc increased its position in shares of Target by 11.4% during the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after purchasing an additional 104 shares during the last quarter. Finally, Mission Wealth Management LP increased its position in shares of Target by 1.6% during the 4th quarter. Mission Wealth Management LP now owns 6,937 shares of the retailer’s stock worth $678,000 after purchasing an additional 106 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT opened at $124.02 on Friday. The stock has a 50-day simple moving average of $124.31 and a 200-day simple moving average of $111.94. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The stock has a market capitalization of $56.33 billion, a PE ratio of 16.38, a PEG ratio of 2.44 and a beta of 1.00. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts predict that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th were paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, May 13th. Target’s dividend payout ratio is currently 60.24%.

Analysts Set New Price Targets

TGT has been the subject of a number of recent analyst reports. Guggenheim reissued a “buy” rating and set a $140.00 price objective on shares of Target in a research report on Wednesday, May 20th. Bank of America initiated coverage on Target in a research report on Friday, February 27th. They set an “underperform” rating and a $103.00 price objective for the company. Royal Bank Of Canada raised their price objective on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Telsey Advisory Group lifted their target price on Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, Robert W. Baird lifted their target price on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.93.

Key Headlines Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research lifted Target’s earnings estimates for FY2027, FY2028 and FY2029, suggesting analysts see improving profitability over the next few years. Target earnings estimate updates
• Positive Sentiment: The firm also raised near- to medium-term quarterly forecasts for Q2 2027, Q3 2027 and Q2 2028, which can be viewed as a sign of steadier earnings power. Target earnings estimate updates
• Neutral Sentiment: Target’s latest reported quarter had already beaten expectations, with revenue and EPS topping estimates and management guiding FY2026 EPS to $7.50-$8.50, so the stock is still trading against a generally solid earnings backdrop. Target quarterly earnings background
• Negative Sentiment: Zacks slightly lowered Q4 2027 and Q4 2028 EPS estimates, which may have tempered enthusiasm for the stock’s longer-term earnings trajectory. Target earnings estimate changes
• Negative Sentiment: A recent insider sale by an executive can sometimes add pressure on sentiment, even if it is not necessarily a fundamental red flag. Target insider sale

Insider Activity at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company’s stock.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.